Pakistan gets a major success in the Reko Diq case

ISLAMABAD: Pakistan gets a major victory in the Reko Diq case from the World Bank’s International Center for Settlement of Investment Disputes (ICSID). According to the details, on Pakistan’s appeal against the USD 6 billion fine, ICSID issued a permanent restraining order to Australian and Chilean companies to stop paying the fine. In July 2019, the ISCID Tribunal ruled in favor of the Australian company and ordered Pakistan to pay USD 6 billion to Tethyan Copper Company.┬áThe office of the attorney general for Pakistan in a statement described the development as a success for the country and its legal team. … Continue reading Pakistan gets a major success in the Reko Diq case